Business Standard

Sirca Paints India Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

77.91 cr

Price Range (₹)

160

Lot Size

800

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

16-May-2018

Close Date

22-May-2018

Listing Date

30-May-2018

Sirca Paints India Ltd News

    The Shares of Sirca Paints India Ltd have now been listed.

    Sirca Paints India Ltd IPO Details

    Public issue of fresh issue of 48,69,600* equity shares of face value of Rs.10/- each fully paid up for cash at a price of Rs. 160 /- per equityShare (the issue price) (including a share premium of Rs. 150 per equity shares) aggregating to Rs. 77.91 Crores (the issue), of which 2,44,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160 per equity share aggregating Rs. 3.90 Crores will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of46,25,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 160/- per equity share, aggregating Rs. 74.01 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.65% and 25.32%, respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs.10 each.The issue price is Rs.160 and is 16 times the face value of equity shares.

    Objective of issue

    To Finance the expenditure of Site Development & Purchase of Plant & Machinery. To part finance incremental Working Capital Requirements of the company. To part finance incremental Working Capital Requirements of the company. To part finance incremental Working Capital requirements of the company. To part finance incremental Working Capital requirements of the company. General corporate purpose. General corporate purpose. General Corporate Purposes. General Corporate Purposes.

    Sirca Paints India Ltd Contact Details

    Sirca Paints India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - admin@sircapaints.com

    Website - www.sircapaints.com